High-level meeting in Tehran ends with agreement to continue dialogue on regional peace and security, even as Houthi attacks on Saudi Arabia intensify and Egypt signals readiness to support the kingdom's defence.
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King Khalid International Airport in Riyadh has resumed limited operations, two weeks after a deadly Houthi missile attack forced its closure, even as the Saudi-led coalition launched military operations against the Iran-backed group in Yemen, destroying missile launchers.
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Omani investment group Mubbadrah Investment has announced that its consortium - comprising local and international companies - is set to develop an artificial intelligence (AI) data centre in the sultanate at a total investment of over $3 billion. Once completed, it will have a capacity of up to 400 megawatts (MW).
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The Gulf Cooperation Council (GCC) is emerging as a major data centre growth market, with more than 174 active projects representing over $93 billion in investment. Artificial intelligence (AI), cloud computing and digital transformation are driving demand for new capacity, according to MEED.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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The International Monetary Fund (IMF) has forecast a 1.3 per cent contraction in the economies of the Middle East, North Africa, Afghanistan and Pakistan (MENAP) in 2026, followed by a strong rebound of 6.6 per cent next year, as the regional conflict continues to weigh heavily on energy production, trade and economic activity.
Saudi Arabia and state oil giant Aramco are seeking partnerships with foreign governments to expand overseas strategic oil storage capacity, as the company anticipates a significant increase in demand following the Middle East conflict.
Saudi Aramco has ordered the evacuation of all remaining staff from its headquarters in Dhahran, eastern Saudi Arabia, and instructed employees to work remotely until further notice, various news channels have reported quoting sources.
Saudi Arabia led Gulf winners at the 2026 American Concrete Institute Excellence in Concrete Construction Awards, with its projects (NovusCrete, King Salman International Complex and Aramco Stadium) securing first-place honours in three categories, while Dubai’s Wasl Tower won in the high-rise structures category.
ADCB, one of the top UAE banks, reported record profit before tax of AED11.67 billion ($3.18 billion) for the first nine months of 2026 and AED4.063 billion in Q3, both up 28% YoY, marking 21 consecutive quarters of profit growth.
Saudi Arabia’s crude oil production rose to 8 million barrels per day (mbpd) in September 2026, an increase of 12.2% month-on-month, while Brent crude prices settled at $103.5 per barrel at the end of the month, according to Al Rajhi Capital Research.
Humain, a unit of Saudi wealth fund PIF and DataVolt, a key developer of sustainable digital infrastructure, have sealed a framework agreement with leading AI cloud company Nebius for a giga campus facility at Oxagon located within Saudi Arabia's mega futuristic city NEOM.
The United Arab Emirates has formally nominated Lana Zaki Nusseibeh, Minister of State, as a candidate for the position of Secretary-General of the United Nations.
Emirates Integrated Telecommunications Company (du) reported a 10.8% year-on-year increase in net profit to AED2.4 billion ($653.51 million) for the first nine months of 2026, supported by sustained demand for connectivity and digital services.
Saudi-based Umm Al Qura for Development and Construction Company, has announced that it has signed a land sale agreement with Methak Investment Holding for the development of a hotel apartments complex and rooms tower in Zone 3 of its mega Masar Destination.
ADNOC Drilling reported record revenue of $3.7 billion and net profit of $1.07 billion for the first nine months of 2026, as it launched its Drill-to-Operate strategy to expand services across the well lifecycle and diversify revenue streams.
Dubai Municipality has opened registration for the 2026–2027 winter camping season in Al Ruwayyah, increasing capacity by approximately 120% to accommodate 600 camps and introducing new facilities, recreational activities and flexible accommodation options.
It was important to provide a supportive environment that enables female entrepreneurs to transform their ambitious ideas into successful, sustainable ventures, a forum was told.
Over 800 delegates and 45 industry leaders will convene in Kuwait to explore artificial intelligence, cybersecurity, smart infrastructure and a new generation digital government.
The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.
DMCC, the leading international business district, has convened the seventh Dubai Diamond Conference, bringing together senior government officials and global industry leaders to chart a new course for the natural diamond sector.
The Global Business School for Health (GBSH), part of University College London (UCL) which celebrates its bicentenary this year, is bringing the world’s first business school dedicated exclusively to health to Dubai.
The Global Business School for Health (GBSH), part of University College London (UCL) which celebrates its bicentenary this year, is bringing the world’s first business school dedicated exclusively to health to Dubai.
Telr, a regulated regional payments provider with acquiring and payment capabilities across key Middle Eastern markets, has partnered with CreditPool to introduce Telr Multi-Card Payments.
The Pvt Dpt – LNG Fund (CEIC) IC, targeting $1.2 billion, has been launched in Abu Dhabi by the Private Department of Sheikh Mohammed bin Khalid Al Nahyan, together with its affiliate KSH Investments.
Aseer Region Municipality, represented by Khamis Mushait Municipality, has completed the development of a new site for car showrooms north of the governorate, spanning more than 500,000 sq m.
Abu Dhabi will host the Hexagon World Series padel tournament in October 2027, bringing the professional team padel circuit to the emirate for the first time.
High-level meeting in Tehran ends with agreement to continue dialogue on regional peace and security, even as Houthi attacks on Saudi Arabia intensify and Egypt signals readiness to support the kingdom's defence.
